More Regs on the Way for Mortgage Players?

If mortgage bankers and brokers think their industry has been slammed by a mountain load of new regulations under the Obama White House and Democratic controlled House and Senate, they may want to brace themselves for this: Democratic leaders on the House Financial Services Committee are assembling legislation to expand Community Reinvestment Act requirements beyond banks, targeting nondepository mortgage firms, investment bankers, and insurers. The story comes from our sister publication, American Banker, and also appears on the National Mortgage News website at: http://www.nationalmortgagenews.com/. Meanwhile, in other political news, former Housing secretary Andrew Cuomo is running for governor of New York. A Democrat, Cuomo was thought to be a shoe-in. But a new poll shows that his Republican opponent, Carl Paladino is gaining ground, trailing by just 6 points in the polls. Thanks to Cuomo, the mortgage industry has HVCC…